DBA Digest for May 27, 2022

Save the Date - 2022 Delaware Trust Conference - October 18 & 19!

Live at The Chase Center on the Riverfront, AND Live-Streaming, AND on Demand! It's the 2022 Delaware Trust Conference!  Wealth management professional, save the date now for the 17th annual edition of the premiere trust conference featuring an All-Star line up of speakers and the latest hot topics!  Sponsorships and Exhibitor Space are available!  Full agenda and early-bird registration coming soon!

Sponsorship Information

Read It Now - Spring 2022 Delaware Banker

Read the Spring Issue of Delaware Banker now on your desktop, tablet or phone!  This issue includes feature articles on Preserving Attorney-Client Privilege; The Rise of Women's Wealth; and Environmental Due Diligence; along with the regular columns on Compliance, Acconting, Benefits, Law, and, more! 

Read Now

Fulton Financial Corporation Receives Regulatory Approvals for Prudential Bancorp, Inc. Acquisition

Fulton Financial Corporation is pleased to announce that both the Federal Reserve Bank of Philadelphia and the Pennsylvania Department of Banking and Securities have approved the respective applications by Fulton to acquire Prudential Bancorp, Inc. and, indirectly, to acquire Prudential Bank, located in Philadelphia.

“These regulatory approvals mark an important milestone in this acquisition, which will further strengthen Fulton’s presence in the Philadelphia region,” said E. Philip Wenger, Fulton’s Chairman and CEO. “With these approvals, we remain on track to bring our talented teams together to help even more customers and communities in Philadelphia achieve financial success.”

The proposed acquisition in which Prudential will merge with and into Fulton in a stock and cash transaction was publicly announced on March 2, 2022, and remains subject to the approval of Prudential shareholders. A special meeting of Prudential shareholders to vote on the merger is scheduled to be held virtually via the Internet on Wednesday, June 15, 2022, at 11:00 a.m., eastern time.

Full Story

Texas Bankers Association Foundation

- Comforting Uvalde

In the wake of the recent tragic events at the Robb Elementary School in the community of Uvalde, Texas, bankers in the Lone Star State and across America are committed to supporting the families of victims as well as impacted educators and first responders.

Leading locally is the First State Bank of Uvalde which has established the Robb School Memorial Fund to support Robb School families.

Additionally, the Texas Bankers Association (TBA) and Independent Bankers Association of Texas (IBAT) have united to provide additional support via the Uvalde Community Response Fund. In coordination with the First State Bank of Uvalde and other local community banks, the fund will direct all proceeds to comfort and support the families impacted.

Donation Information

Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her Planet Jurdy cartoons for the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.

20 Richards, Layton & Finger Attorneys Named to Super Lawyers

Twenty Richards, Layton & Finger attorneys have been recognized by Super Lawyers in its annual rankings of Delaware’s leading lawyers. Super Lawyers selects lawyers on the basis of their professional skill, achievements, and peer recognition, choosing only 5 percent of the lawyers in the state. Firm director Gregory P. Williams is again named on the Super Lawyers list of Delaware’s Top 10 lawyers—an honor he has received every year since 2007. Read the full list of honorees via the link below.

Full Story

Thirteen Morris Nichols Attorneys Selected for Inclusion in 2022 Delaware Super Lawyers

The 2022 edition of Delaware Super Lawyers has selected 13 Morris Nichols attorneys for inclusion. Bill Lafferty and Ken Nachbar are mentioned on the “Top 10” list recognizing the Delaware lawyers who were awarded the highest point totals. In addition, attorneys Mac Measley, Sabrina Hendershot, and Ali Cumings were recognized as Delaware Rising Stars.

Full story

McCollom D’Emilio Smith Uebler LLC Attorneys Regarded 2022 Delaware Super Lawyers 

McCollom D’Emilio Smith Uebler LLC Members Matthew P. D’Emilio and Thomas A. Uebler, have been recognized as 2022 Delaware Super Lawyers. Associates Kerry M. Porter, Jeremy J. Riley, and Adam J. Waskie have been recognized by Super Lawyers as 2022 Rising Stars. Matt, Tom, Kerry, Jeremy, and Adam join the top 5% of attorneys practicing in the state of Delaware to be recognized by Super Lawyers in 2022. 

11 Potter Anderson Lawyers Ranked as 2022 Delaware Super Lawyers and Six Named to Delaware Rising Stars List

Potter Anderson is proud to announce that 11 partners were named to the 2022 Delaware Super Lawyers list, which recognizes no more than 5 percent of attorneys in the state. Kevin Shannon and Pete Walsh were further ranked as being in the Top 10 Delaware Super Lawyers.

Full Story

SEC Expands Crypto Assets and Cyber Unit

On May 3, the Securities and Exchange Commission (SEC) announced that it will greatly expand its cryptocurrency and cybersecurity unit by adding 20 positions. The additional positions will bring the unit’s total members to 50, nearly doubling its size. The new hires will include supervisors, staff attorneys, trial counsel, and fraud analysts.

SEC Chair Gary Gensler said that ”[b]y nearly doubling the size of this key unit, the SEC will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.”

The announcement also reveals a name change for the unit, from “Cyber Unit” to “Crypto Assets and Cyber Unit.”

Full Story

Ballard Spahr Webinar:

Financing Middle-Income Housing

Financing Middle-Income Housing: Coming to a State Near You? Join Ballard lawyers Teri Guarnaccia, Kimberly Magrini, and Anastasia Khokhryakova as they discuss the growing need in communities to create middle-income housing, Colorado’s recently passed legislation creating the “Middle Income Housing Authority,” and what this means for issuers, developers, and other interested parties across the country.

Thursday, June 2, 2022 - 4:00 - 5:00 PM ET

We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com